DoorDash Finalizes Acquisition of Deliveroo for £2.9bn

DoorDash has agreed to acquire British delivery service company Deliveroo for approximately £2.9 billion in cash, implying an enterprise value of £2.4 billion. The deal represents a 44% premium to Deliveroo's closing price on April 4 and a 29% premium to its closing price on April 24. Deliveroo's independent committee recommends unanimously that shareholders vote in favor of the acquisition. DoorDash has received irrevocable undertakings for approximately 15.43% of Deliveroo's shares.

DoorDash Inc. (NASDAQ: DASH), a leading global technology company, has announced its agreement to acquire British delivery service company Deliveroo plc for approximately £2.9 billion in cash. The acquisition, which implies an enterprise value of £2.4 billion, represents a 44% premium to Deliveroo's closing price on April 4 and a 29% premium to its closing price on April 24 [1].

The terms of the acquisition value the entire issued and to be issued ordinary share capital of Deliveroo at approximately £2.9 billion, with Deliveroo shareholders entitled to receive 180 pence in cash per Deliveroo Share. The deal has received unanimous recommendations from Deliveroo's independent committee, which considers it to be in the best interests of all shareholders and wider stakeholders [1].

DoorDash and Deliveroo share a strategic vision and complementary geographic footprints, with the combined entity set to operate in over 40 countries, serving approximately 50 million monthly active users. The Enlarged Group will leverage DoorDash's strong operating playbook and best-in-class product suite to enhance Deliveroo's offerings for consumers, local businesses, and couriers [1].

The acquisition is expected to accelerate innovation and execution, allowing the Enlarged Group to deliver the best experiences for all stakeholders and grow the GDP of cities around the world. DoorDash and Deliveroo are both deeply committed to continuously improving the consumer experience and serving merchants across multiple categories in local commerce [1].

References:
[1] https://www.morningstar.com/news/business-wire/20250505418218/doordash-announces-agreement-to-acquire-deliveroo

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